rates

Auto financing declines in November as interest rates and taxes rise – Trendy Blogger

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Auto financing declines in November as interest rates and taxes rise – Trendy Blogger

Auto financing in Pakistan fell to PKR 234.64 billion in November 2024, registering a decline of 0.53% month-on-month from PKR 235.88 billion recorded in October 2024, according to data released by the State Bank of Pakistan (SBP). On a yearly basis, the decline was more pronounced, with funding declining by 8.72% compared to PKR 257.05 … Read more

The government adjusts profit rates on short-term savings certificates – Trendy Blogger

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The government adjusts profit rates on short-term savings certificates – Trendy Blogger

ISLAMABAD: The Central Directorate of National Savings (CDNS) has reduced profit rates on short-term savings certificates (STSCs), effective December 2024, due to lower inflation in the country. Introduced in 2012, it caters to the short-term financing needs of investors and offers three-month, six-month and one-year maturity options. These certificates are available to Pakistani nationals and … Read more

The People’s Bank of China proposes to cut interest rates by 200 basis points as inflation declines – Trendy Blogger

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The People’s Bank of China proposes to cut interest rates by 200 basis points as inflation declines – Trendy Blogger

KARACHI – The Pakistan Business Council said an interest rate cut of about 200 basis points on December 16 is possible, with further cuts expected in early 2025 if inflation remains under control. “This cut will bring the interest rate closer to the prevailing three-month interbank offered rate (KIBOR), which is currently around 12.5 percent,” … Read more

Bank of England cuts interest rates but expects inflation to rise after Reeves Budget – Trendy Blogger

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Bank of England cuts interest rates but expects inflation to rise after Reeves Budget – Trendy Blogger

A man sits next to the Bank of England in the financial district of London, Britain, August 14, 2024. – Reuters The Bank of England cut interest rates for only the second time since 2020. “We need to make sure that inflation stays close to target,” the governor says. Rachel Reeves’ Budget is expected to … Read more

The Reserve Bank of Australia cuts interest rates by 250 basis points, marking the fourth consecutive monetary easing – Trendy Blogger

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The Reserve Bank of Australia cuts interest rates by 250 basis points, marking the fourth consecutive monetary easing – Trendy Blogger

The State Bank of Pakistan logo on the reception desk at the head office in Karachi, Pakistan, July 16, 2019. — Reuters The State Bank of Pakistan (SBP) on Monday cut its key interest rate by 250 basis points to 15%, the fourth straight cut as inflation remains in single digits until October. Analysts as … Read more

The Monetary Policy Committee urged a 400 basis point cut in interest rates – Trendy Blogger

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The Monetary Policy Committee urged a 400 basis point cut in interest rates – Trendy Blogger

Workers working in a textile factory. – Reuters/File ISLAMABAD: In a bid to ease financial pressures on the industrial sector, the Pakistan Textile Mills Association (APTMA) has urged the Monetary Policy Committee (MPC) to cut interest rates by at least 400 basis points in its next meeting on November 4. . Asking the MPC to … Read more